Less watch time method (LWTM) is for those who can not give much time to screen and have other work to do.
Entry
Enter into a trade by looking 1H candle of NY open.
Buy>>> when
1- NY open 1H candle is bullish with minimum wick or
2- Doji candle appears in NY 1H open candle after down trend or
3- Hammer candle stick appears at NY 1H open candle.
Sell>>>when
1- NY open 1H candle is bearish with minimum wick or
2- Doji candle appears in NY 1H open candle after up trend or
3- shooting star candle stick appears at NY 1H open candle.
Exit
Exit each trade at 1H before the opening of next day NY session. (If in Profit)
Watch for the candle of 1H NY open if trade is in loss and Exit if NY open 1H candle shows opposite trade idea. (Accept the loss) Otherwise give the trade another day.
Money Management
As this method is used only for GBPUSD so,
Trade with full account balance divided by 150 pips.
E.G., if you have 100$ account you must enter with 0.07 lot (Rounded )
-------------Filters -------------
ATR >>>>>> Post # 65 & 66
Fundamentals>>> Post # 43
Ethics
I have to clear some points for this forum that everyone should bear them in mind.
1- No one is oblige to this system.
2- If you seem that it will work, you can follow it.
3- If you think its not going to work, you should not follow it or post in this forum any negativity.
4- I'm not oblige to anyone to share any of my trade here or discuss anything.
5- I will not reply to those who did not read the older posts and ask the same questions that have already been answered.
6- Anyone whose post is insulting, hamulating or make fun of others will be blocked without any intimation.
Entry
Enter into a trade by looking 1H candle of NY open.
Buy>>> when
1- NY open 1H candle is bullish with minimum wick or
2- Doji candle appears in NY 1H open candle after down trend or
3- Hammer candle stick appears at NY 1H open candle.
Sell>>>when
1- NY open 1H candle is bearish with minimum wick or
2- Doji candle appears in NY 1H open candle after up trend or
3- shooting star candle stick appears at NY 1H open candle.
Exit
Exit each trade at 1H before the opening of next day NY session. (If in Profit)
Watch for the candle of 1H NY open if trade is in loss and Exit if NY open 1H candle shows opposite trade idea. (Accept the loss) Otherwise give the trade another day.
Money Management
As this method is used only for GBPUSD so,
Trade with full account balance divided by 150 pips.
E.G., if you have 100$ account you must enter with 0.07 lot (Rounded )
-------------Filters -------------
ATR >>>>>> Post # 65 & 66
Fundamentals>>> Post # 43
Ethics
I have to clear some points for this forum that everyone should bear them in mind.
1- No one is oblige to this system.
2- If you seem that it will work, you can follow it.
3- If you think its not going to work, you should not follow it or post in this forum any negativity.
4- I'm not oblige to anyone to share any of my trade here or discuss anything.
5- I will not reply to those who did not read the older posts and ask the same questions that have already been answered.
6- Anyone whose post is insulting, hamulating or make fun of others will be blocked without any intimation.